FXAM

FXAM presents significant safety concerns. The entity holds an overall WikiFX Score of 1.61, which reflects a severe deficiency in core operational areas including regulatory compliance. Its only recorded license is listed as revoked, meaning it operates without recognized oversight. For traders, this translates to a high-risk profile with no formal investor protection mechanisms.

No, FXAM does not hold any valid forex trading licenses. WikiFX records indicate it was previously associated with a Vanuatu Financial Services Commission (VFSC) license, but its status is recorded as 'Revoked.' The firm currently has no active regulatory authorization from any major financial authority.

Specific minimum deposit requirements for FXAM are not publicly disclosed on its primary channels. This lack of transparency regarding a fundamental account parameter is atypical for established brokers and should be considered during any evaluation of the firm's terms.

FXAM's available business scope is listed as 'Suspicious Scope of Business,' and specific platform support details such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5) are not explicitly confirmed. The absence of clear information on the trading platform is a notable gap in its operational transparency.